Amarc Resources (CVE:AHR) Trading Down 19.1% – Time to Sell?

Shares of Amarc Resources Ltd. (CVE:AHR) traded down 19.1% during trading on Saturday . The stock traded as low as C$0.49 and last traded at C$0.55. 769,320 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 529,368 shares. The stock had previously closed at C$0.68.

Amarc Resources Price Performance

The company has a quick ratio of 2.44, a current ratio of 1.32 and a debt-to-equity ratio of 81.97. The company’s 50 day moving average is C$0.50 and its 200 day moving average is C$0.29. The firm has a market capitalization of C$116.44 million, a price-to-earnings ratio of -6.25 and a beta of 0.91.

Insider Activity at Amarc Resources

In other news, Senior Officer Trevor Thomas acquired 70,000 shares of Amarc Resources stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of C$0.71 per share, for a total transaction of C$49,700.00. Also, Director Diane Samantha Nicolson sold 75,000 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of C$0.57, for a total transaction of C$42,945.00. Over the last three months, insiders have sold 148,500 shares of company stock worth $91,395. Corporate insiders own 35.62% of the company’s stock.

About Amarc Resources

Amarc Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for copper, gold, silver, and molybdenum deposits. It holds 100% interest in the IKE project covering an area of 462 square kilometers located in the Gold Bridge, south-central British Columbia; the DUKE project covering an area of 678 square kilometers located northeast of Smithers, central British Columbia; and the JOY project covering an area of 492 square kilometers located in the Toodoggone region of north-central British Columbia.